Does your nonprofit own real estate in Georgia? Are you paying your property taxes annually? Yes, even though your organization has a tax-exemption from the IRS, that does not mean it is exempt from paying property taxes in Georgia. All real property in Georgia in taxable, UNLESS it is specifically exempted. That means unless your nonprofit specifically applied for and was granted an exemption from property taxes for each parcel of real property it owns, then your organization owes property taxes.
Fall is property tax season
Property Tax
Webcast: Property Tax for Nonprofits
Does your nonprofit own real property? Does it plan to purchase real property (or hope to have it donated)? If so, don’t assume that your nonprofit will not have to pay property tax. Real property owned by a 501(c)(3) tax-exempt nonprofit organization in Georgia is not automatically exempt from property tax. The property must qualify for one of the listed exemptions and the owner must apply for exemption and be approved. This webcast will cover basic information on whether a nonprofit’s owned real property is exempt from Georgia’s property tax, how to apply for property tax exemption, and best practices for maintaining that exemption.
Presenter: Madison Barnett, Sutherland Asbill & Brennan LLP
Property Tax for Georgia Nonprofits
Does your nonprofit own real property? Does it plan to purchase real property (or hope to have it donated)? If so, don’t assume that your nonprofit will not have to pay property tax. Real property owned by a 501(c)(3) tax-exempt nonprofit organization in Georgia is not automatically exempt from property tax. The property must qualify for one of the listed exemptions and the owner must apply for exemption and be approved. This article provides basic information regarding whether a nonprofit organization’s owned real property is exempt from Georgia’s property tax, how to apply for property tax exemption, and best practices for maintaining that exemption.
Basics of Property Tax Exemption for Nonprofits in Georgia2